On December 25, former vice president of Shanghai City Investment, Hu Xin, was sentenced to 14 years in prison for bribery. It is noteworthy that Jiang Shujie, the Party Secretary and Chairman of Shanghai City Investment, was arrested in August this year. Both Hu Xin and Jiang Shujie were former subordinates of Bai Tinghui, the former director of the Shanghai State-owned Assets Commission, who was sentenced to life in prison for bribery in August this year.
On December 25, the Shanghai First Intermediate People’s Court publicly announced the sentence of Hu Xin, the former vice president of Shanghai City Investment, for bribery. He was sentenced to 14 years in prison for bribery and fined 5 million yuan.
The court stated that from 2013 to 2024, Hu Xin took advantage of his positions as the director of the Shanghai Flood Control Facility Management Office, chief engineer of the Shanghai Water Authority, chief engineer of Shanghai City Investment (Group) Co., Ltd., and vice president to provide assistance to relevant units and individuals in project contracting and business sub-contracting, seeking benefits for himself. He illegally accepted more than 67.43 million yuan in total.
In July of last year, Hu Xin was officially announced to be under investigation; three months later in late October, he was expelled from the Party, dismissed from public office, and handed over to judicial authorities.
Public records show that Hu Xin was born in February 1967 and had long served in the Shanghai water system. In May 2017, Hu Xin was appointed as the chief engineer of the Shanghai Water Authority and Shanghai Ocean Bureau. In late May 2021, Hu Xin was transferred to the position of vice president of Shanghai City Investment (Group) Co., Ltd. He was then sent by Shanghai City Investment to serve as a director and vice chairman of Greentown Holdings until his investigation.
It is worth noting that on August 18 of this year, Jiang Shujie, the Party Secretary and Chairman of Shanghai City Investment, was also arrested. At that time, the Central Sixth Inspection Team was conducting an inspection in Shanghai.
Shanghai City Investment is a large state-owned enterprise under the Shanghai State-owned Assets Commission, with core business segments including roads and bridges, water environment, and real estate development, handling a tremendous amount of project funds each year. On August 5th this year, Bai Tinghui, the former director of the Shanghai State-owned Assets Commission, was sentenced to life in prison for accepting bribes totaling 88.91 million yuan. Hu Xin and Jiang Shujie were both subordinates of Bai Tinghui.
During Bai Tinghui’s tenure as the director of the Shanghai Water Authority, Hu Xin served as the chief engineer of the city’s water authority, and the two often attended events together. From 2017 to 2019, both of them were members of the Party Committee of the Shanghai Water Authority (Ocean Bureau). Bai Tinghui and Jiang Shujie had both worked at the Shanghai Urban Construction and Transportation Working Committee, with Bai Tinghui directly serving as Jiang Shujie’s superior.
Political commentator Li Yanming once told Dajiyuan that the Shanghai State-owned Assets Commission had long been deeply manipulated by Jiang Mianheng, the son of the former CCP leader Jiang Zemin, and the interests of the Jiang family were closely intertwined with the Shanghai State-owned Assets Commission.
Public records show that Jiang Mianheng is the founder, chairman, and legal representative of Shanghai Lianhe Investment Company. The company is also a subsidiary of the Shanghai State-owned Assets Commission, mainly investing in important infrastructure construction, technological upgrades, and high-tech industries.